Netflix continues to add original content to its lineup of films and TV shows licensed from other content producers. While some network execs may feel that a ramp up in original Netflix content may threaten their deals with the streaming provider, there’s at least network head honcho who’s not worried.

CBS CEO Les Moonves, recently told an investor group in Beverly Hills that his network’s bulk content licensing deal is not on shaky ground. Said Moonves:

“[Netflix] has bought thousands of hours of programming from us. I don’t think [Netflix originals] will affect that. Obviously, original programing is becoming important to them … and they’ve been successful with some of their shows. But we continue to have a long-term deal with them,”

Moonves also revealed that his network’s bulk content licensing deal allows either party to swap out programming in order to minimize the number of less popular shows running on Netflix. Said Moonves:

“Some of [the] product hasn’t worked, and they’ve taken on other shows,”

As Neflix becomes more and more of a content producer, do you think Hollywood will being to feel more threatened by it?